Devyani International CEO Shivashish Pandey Resigns, Leadership Transition Ahead

In a major corporate development, Devyani International Ltd confirmed that Shivashish Pandey has stepped down as CEO of Yum Brands India, effective February 20, 2026. Pandey, who played a pivotal role in expanding the company’s footprint across India, leaves behind a legacy of growth and strategic partnerships.  

Devyani International, part of the RJ Corp group, is the largest franchisee of Yum Brands in India, operating hundreds of outlets of KFC, Pizza Hut, and Costa Coffee. Under Pandey’s leadership, the company strengthened its market presence, expanded into tier-2 and tier-3 cities, and focused on digital transformation to enhance customer experience.  

Industry analysts suggest that the leadership transition could open new opportunities for Devyani International to recalibrate its strategy in India’s fast-growing quick-service restaurant sector. The company is expected to announce succession plans soon, ensuring continuity in operations and growth momentum.  

Key Highlights  

• Shivashish Pandey resigns as CEO of Yum Brands India  
• Resignation effective February 20, 2026  
• Devyani International is India’s largest Yum Brands franchisee  
• Company operates KFC, Pizza Hut, and Costa Coffee outlets  
• Leadership change expected to shape future strategy and expansion  

Sources: Reuters, Economic Times, Business Standard, Moneycontrol